There is news that the company is going to get warship orders of about USD 1.2 billion by September 15. L&T and Pipavav are the two companies which are likely to get shortlisted. It is learnt that there are three companies which have been shortlisted by the Ministry of Defence this includes ABG Shipyard .
Amongst the three, two are likely to get confirmed orders by middle of September. The stock might be moving up on the hopes of this USD 1.2 billion will have very good margin because of their infrastructure and the manufacturing capability.
Pipavav Shipyard project was originally conceived and implemented bySKIL Infrastructure Limited (SKIL). A shipbuilding, ship repair and offshore fabrication complex is constructed by the Company at Pipavav in the State of Gujarat, India. The complex is spread over an aggregate area of 198.92 hectares (approximately 491.53 acres), comprising an SEZ unit spread over 95 hectares (approximately 234.75 acres) and an EOU spread over 103.92 hectares (approximately 256.79 acres).
ABG Shipyard Ltd., the flagship company of ABG group was incorporated in the year 1985 as Magdalla Shipyard Pvt. Ltd. with the main objects of carrying Shipbuilding and Ship Repair business. In a span of 15 years from the year 1991, the company has achieved the status of the largest private sector shipbuilding yard in India with satisfied customer base all around the world. The registered office and the yard are situated at Surat in the state of Gujarat and the corporate office is in Mumbai.
Moneycontrol / Navaltoday
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